Sealed Container for Traceable Cash Verification

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Solution Overview

Problem

The process of verifying the authenticity and value of resources in exchanges is complex and time-consuming, especially as the number or value of resources increases, leading to a need for secure and traceable methods to ensure authenticity and value in resource distribution.

Innovation Solution

A system for generating and providing sealed containers of traceable cash using a computing system that verifies individual bank notes, applies a tamper-evident seal, and includes informational notifications such as NFC chips or QR codes to ensure authenticity and value, allowing for secure storage and verification.

Engineering Contradictions & Design Principles

VSEngineering Contradiction Analysis

1Reliability

If individual resources are manually verified for authenticity and value, then the reliability of resource exchange is improved, but the time and complexity of the verification process increases

Engineering Contradiction:
Improveauthenticity verificationVSAvoidverification time
Core Design Contradiction:
ReliabilityVSLoss of time

Solution Approach 1:

The system performs verification of individual bank notes before they are placed in the container. The processing device verifies each bank note's authenticity and identifies its characteristics (denomination, serial number) in advance, so that when the container is received, the verification work has already been completed, reducing the time burden on receiving parties.

Inventive Principle:
Principle #10Preliminary action

Solution Approach 2:

The sealed container acts as an intermediary that transfers verified bank notes from the dispensing system to the receiving party. The container with its tamper-evident seal and informational notification serves as a trusted mediator that guarantees the authenticity of contents without requiring the receiving party to perform complex verification procedures.

Inventive Principle:
Principle #24Intermediary (Mediator)

2Reliability

If detailed information about each resource is tracked and recorded, then the traceability and authenticity assurance is improved, but the device complexity and information management burden increases

Engineering Contradiction:
ImprovetraceabilityVSAvoidinformation management system
Core Design Contradiction:
ReliabilityVSDevice complexity

Solution Approach 1:

The system extracts only the essential verification information (total value, quantity of each denomination, serial numbers) and places it on the container's informational notification. This extraction of key data from the full set of possible information reduces the complexity of information management while maintaining sufficient traceability for authenticity verification.

Inventive Principle:
Principle #2Taking out (Extraction)

Solution Approach 2:

The system creates a simplified copy of the verification data on the container (informational notification with total value, denominations, serial numbers) rather than requiring access to the full detailed records. This copy contains sufficient information for authenticity verification without the complexity of the complete information management system.

Inventive Principle:
Principle #26Copying

3Reliability

If comprehensive verification of each bank note is performed, then the authenticity assurance is improved, but the productivity of cash dispensing operation decreases

Engineering Contradiction:
Improveauthenticity verificationVSAvoidcash dispensing efficiency
Core Design Contradiction:
ReliabilityVSProductivity

Solution Approach 1:

The system performs comprehensive verification of each bank note's authenticity and characteristics before dispensing, during the container filling process. This preliminary verification ensures high reliability while allowing the dispensing operation itself to proceed efficiently, as the verification is completed in advance rather than during the transaction.

Inventive Principle:
Principle #10Preliminary action

Solution Approach 2:

The system combines multiple operations into a single integrated process: collecting bank notes, verifying authenticity, identifying characteristics, and sealing in the container are performed together in one automated sequence. This merging of operations maintains comprehensive verification while improving overall productivity compared to separate manual verification steps.

Inventive Principle:
Principle #5Merging (Combining)

Data Source

PatentUS10275972B2System for generating and providing sealed containers of traceable resources
Publication Date: 2019.04.30 BANK OF AMERICA CORP
  • US10275972B2 patent drawing
  • US10275972B2 patent drawing
  • US10275972B2 patent drawing

AI summary

Embodiments of the present invention provide a system for providing a sealed container of traceable resources. The system may comprise receiving a request for an amount of resources to be provided in a sealed container. A set of individual resource items may be collected to meet this request. Information about the denominations and unique identifiers of these resource items may be identified, and each resource item can be verified for authenticity. The system may then secure the collected set of individual resource items in a container, apply a tamper-evident seal to the container, and apply an informational notification to the container. The informational notification may provide information on the makeup of the container contents as well as an indication of the verification of the contents. This sealed container can then be dispensed for future use.